The concept of a Universal Basic Income (UBI), also known as a Citizen;s income, deserves serious consideration – and research. As John Kay notes at the end of his post,
As in other areas of policy, it is simply not the case that there are simple solutions to apparently difficult issues which policymakers have hitherto been too stupid or corrupt to implement.
This is a useful contribution to the debate, pointing out some of the flaws in the arguments presented by the advocates for UBI. Either it is simply unaffordable to UBI at a level appropriate for a decent standard of living – or it will remain necessary to supplement the minimal, affordable, level of UBI for those people in extreme need with no additional income, thus eliminating “simplicity” as a core argument in its favour.
Here is the introduction to his analysis – read it in full:
The basics of basic income – John Kay
Basic income is a fashionable topic. A proposal to introduce one in Switzerland was put to a national referendum in 2016, although it was soundly defeated. Finland has recently introduced a modest experiment for 2,000 households. The current interest is mainly on the political left; for example, Bernie Sanders, Hillary Clinton’s rival for the Democratic nomination in 2016, and Britain’s John McDonnell, Jeremy Corbyn’s Shadow Chancellor, have expressed enthusiasm for the concept of unconditional basic income. Benoit Hamon, the Socialist Party’s candidate for the French presidency, has made the proposal a principal plank in his platform. The Scottish National Party, which recently announced plans for a second independence referendum, is also strongly in favour. Basic income, at its roots, is a plan to replace all or most existing state benefits by a single payment, made unconditionally to all citizens (or perhaps residents) of a country. There are three principal strands of argument for such a proposal. The first deduces an entitlement to such income from some a priori moral principle. Such an assertion of rights goes back at least to Thomas Paine (1737-1809), and it has also attracted other philosophers, such as Bertrand Russell. More recently, the case has been put forward most vehemently by Philippe Van Parijs.